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BusinessDesk
Independent, Trustworthy New Zealand Business News
The Wellington-based BusinessDesk team provides a daily news feed for a serious business audience.
BusinessDesk - Latest News [Page 35]
Competition, consumer protections key to productivity
Thursday, 25 July 2019, 2:33 pm | BusinessDesk
July 25 (BusinessDesk) - Competition and proper consumer protections will be essential if New Zealand is to benefit from the rapid technological developments underway globally, Commerce Commission chair Anna Rawlings says. More >>
DairyNZ calls for achievable methane target
Thursday, 25 July 2019, 1:55 pm | BusinessDesk
July 25 (BusinessDesk) - DairyNZ says a planned methane reduction target will set farmers up to fail and that the proposals need robust economic analysis. More >>
Oceania Healthcare's annual net profit slides
Thursday, 25 July 2019, 12:32 pm | BusinessDesk
July 25 (BusinessDesk) - Oceania Healthcare’s annual net profit fell 41 percent as the value of its properties held steady while better development margins were offset by increased costs. More >>
Gentrack trims annual earnings guidance on project delays
Thursday, 25 July 2019, 12:28 pm | BusinessDesk
July 25 (BusinessDesk) - Gentrack expects annual earnings will fall by as much as 13 percent due to delays in customer projects and bad debt risks in the UK. More >>
NZ dollar continues to gain against the Aussie
Thursday, 25 July 2019, 11:10 am | BusinessDesk
July 25 (BusinessDesk) - The New Zealand dollar rose further against the Australian dollar as expectations for further rate cuts across the Tasman grow. More >>
Auckland Airport kicks off $100M roading development
Thursday, 25 July 2019, 10:03 am | BusinessDesk
July 25 (BusinessDesk) - A near-$100 million investment in new roading at Auckland International Airport is critical to improving public transport options for travellers and workers, the company says. More >>
NZ shares take a breather after hitting a fresh record
Wednesday, 24 July 2019, 8:43 pm | BusinessDesk
July 24 (BusinessDesk) - New Zealand shares were mixed after five successive daily gains with leading stocks A2 Milk, Fisher & Paykel Healthcare and Ryman Healthcare surrendering some of their recent gains. More >>
NZ dollar gains against Aussie as Westpac picks two RBA rate
Wednesday, 24 July 2019, 8:27 pm | BusinessDesk
July 24 (BusinessDesk) - The New Zealand dollar gained against the Aussie after Westpac Banking Corp's chief economist said he now expects Australia's central bank to cut rates twice more. More >>
NZ Windfarms cans asset sale, plans share buyback
Wednesday, 24 July 2019, 8:26 pm | BusinessDesk
July 24 (BusinessDesk) - NZ Windfarms has canned its planned asset sale and instead plans to buy back as much as 5 percent of its shares. More >>
Livestock Improvement more than doubles FY net profit
Wednesday, 24 July 2019, 7:17 pm | BusinessDesk
July 24 (BusinessDesk) - Livestock Improvement Corp, the dairy herd genetics cooperative, more than doubled its full-year net profit and said it expects another strong result in the current year. More >>
UPDATE: Asians, men more confident in financial markets
Wednesday, 24 July 2019, 7:06 pm | BusinessDesk
UPDATE: Asians, men more confident in financial markets than Pacific Islanders, women and poor people More >>
Asians, men more confident in financial markets
Wednesday, 24 July 2019, 2:47 pm | BusinessDesk
July 24 (BusinessDesk) - Asians are far more confident in New Zealand’s financial markets than Pacific Islanders and Maori while the confidence levels of most ethnicities eased a little in the Financial Markets Authority’s latest annual survey. More >>
June trade surplus $365M, higher than expected
Wednesday, 24 July 2019, 2:36 pm | BusinessDesk
July 24 (BusinessDesk) - New Zealand's June trade surplus was wider than expected as exports were bolstered by logs and imports fell to their lowest level in 16 months. More >>
Govt opts for sweeping review of 'underperforming' RMA
Wednesday, 24 July 2019, 12:38 pm | BusinessDesk
July 24 (BusinessDesk) - A sweeping review of the Resource Management Act opens the way to splitting the law relating to environmental protection and urban development back into two separate pieces of legislation as Environment Minister David Parker ... More >>
AFT gains Australian registration for intravenous Maxigesic
Wednesday, 24 July 2019, 11:54 am | BusinessDesk
July 24 (BusinessDesk) - AFT Pharmaceuticals says it has successfully registered the intravenous form of its Maxigesic medication with Australia’s Therapeutic Goods Administration. More >>
Should Fletcher Building persist with Australia?
Wednesday, 24 July 2019, 11:53 am | BusinessDesk
July 24 (BusinessDesk) - Those who fail to learn from history are condemned to repeat it, goes the famous saying attributed to Winston Churchill and philosopher George Santayana. More >>
NZD weaker as greenback gains
Wednesday, 24 July 2019, 11:06 am | BusinessDesk
July 24 (BusinessDesk) - The New Zealand dollar fell after the greenback got a lift from news that US trade negotiators will head to China to recommence trade talks More >>
MARKET CLOSE: NZ shares extend gain
Tuesday, 23 July 2019, 8:50 pm | BusinessDesk
July 23 (BusinessDesk) - New Zealand shares extended their gain as Mainfreight and A2 Milk Co hit highs on strong demand for the export-focused stocks that have reliably outperformed expectations. Sky Network Television led the market higher. More >>
StretchSense directors appoint administrators
Tuesday, 23 July 2019, 8:46 pm | BusinessDesk
July 23 (BusinessDesk) - A futuristic textile company awarded $15 million in Callaghan Innovation grants and backed by a government investment fund has been put into voluntary administration. More >>
Dollar falls on news RBNZ looking at "unconventional" policy
Tuesday, 23 July 2019, 8:13 pm | BusinessDesk
July 23 (BusinessDesk) - The New Zealand dollar fell after the Reserve Bank released information showing it is at a "very early stage” in refreshing its “unconventional monetary policy strategy." More >>
